The advantage of long-term investing is found in the relationship between volatility and time. Putting your money in long-term rather than short-term investments also provides tax advantages on capital gains.
EXACTLY RIGHT.....Bridget Mallory. You sound like a very realistic, informed, investor. Please post often.
Screw it. I went all in today. No more worrying for me. It's done. Now to watch and relax Looks like it was a good idea, Tesla is up 9% after hours from the S&P500 news!
YEP....good news for TSLA. This FULFILLS the last of the three legs of my TESLA purchase. Roadtonowhere08.....decisive. I DO think that the "probabilities"are in your favor over the next few months to build up a nice gain.
Good news for Costco today too. Costco declared a $10 special dividend to shareholders on record as of December 2nd and will be paid on Dec 11th. $10 a share is awesome. Costco is a great holding and I bet they will continue to be for many years to come.
WOW.....Jwalker.....great news about that Costco dividend. I have been out of touch all day with musical business. I briefly saw theTESLA SP500 announcement on my phone.....but.....have not had time to do any reading so far today or look at any business news. So that COSTCO announcement was news to me. I was of course in the GREEN today but got beat by the SP500 by .29%.
THE OBVIOUS.....on the news front today: Tesla stock jumps on carmaker’s addition to the S&P 500 https://www.cnbc.com/2020/11/16/tesla-stock-jumps-on-news-company-is-joining-sp-500.html (BOLD is my opinion OR what I consider important content) "Key Points S&P Dow Jones Indices announced on Monday that Tesla will join the S&P 500 effective prior to trading on Monday, Dec. 21. Upon entry, Tesla is already one of the S&P 500′s 10 most valuable companies based on Monday’s closing prices. Tesla was snubbed in September after it met criteria to be included in the S&P 500 but was not initially picked by the S&P 500 Index Committee. Tesla is finally joining the S&P 500. S&P Dow Jones Indices announced on Monday that the carmaker will be added to the benchmark index prior to trading on Monday, Dec. 21. Based on Monday’s closing prices, Tesla would be one of the 10 most valuable companies in the index. Tesla shares spiked more than 13% in extended trading on the news, as money managers with funds that track the S&P 500 will need to buy the stock for their portfolios. The company, led by CEO Elon Musk, has long been plenty valuable for inclusion in the S&P 500 — the market cap minimum is $8.2 billion — but there are other factors that have kept Tesla out. The make-up of the S&P 500 is determined by what’s known as the “Index Committee” at S&P Dow Jones Indices, which analyzes quantitative as well as qualitative factors. Tesla was snubbed in September after it met criteria to be included in the index but was not initially picked by the committee. Companies must report four straight quarters of profit as determined by U.S. generally accepted accounting principles (GAAP). Tesla recently reported its fifth consecutive quarter of profit on third-quarter revenue of $8.77 billion. The company also reported that it delivered 139,300 vehicles during the third quarter, a new record for Tesla. The committee meets on a quarterly basis to rebalance the index, though companies can be added or removed from the S&P at any time. Given the potentially market-moving nature of additions and deletions from the index, the process is tightly guarded. Even companies that are set to be added receive no advance warning. Adding Tesla is no easy feat after the stock’s record run pushed the company’s market cap above $380 billion, making it the largest company ever to be added to the S&P, according to analysis from equity research firm Baird. The stock, which split 5 for 1 in August, has more than quadrupled in value in 2020. There’s currently over $11.2 trillion in assets benchmarked to the S&P 500, with roughly $4.6 trillion of the total in indexed funds, according to S&P Dow Jones Indices. “Due to the large size of the addition, S&P Dow Jones Indices is seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date or in two separate tranches ending on the rebalance effective date,” S&P said in a statement. The addition represents a historic milestone for Musk and his electric car company, which has seen its fair share of ups and downs. “This is another major feather in the cap for Tesla bulls joining the S&P 500,” said Dan Ives, an analyst at research firm Wedbush Securities who has a neutral rating on the stock. “It speaks to the sustained profit trajectory that Tesla is now finally getting into this elusive club after much noise on the Street.”" MY COMMENT Should be a pretty good pay-off tomorrow and going forward as this event unfolds over the next week or two. If I take into consideration the GAIN in the FUTURES right now...........my TESLA profit......based on my original pre-split purchase price of about $1000 per share......is about $1300 per share PROFIT. BEAUTIFUL....
NOT unexpected day today after yesterday. Too bad that TESLA is not in the SP500 yet.....they would have helped a little bit. ALL IN ALL.....satisfied with the end result today.......RED in my primary account by $204........so minimal as to be meaningless. The GOOD NEWS......I was able to beat the SP500 by .65% today. Money in the bank. Short term.......even though the end of the virus is set in stone with the various vaccines that are quickly coming.......the investment media drama queens will have to claim every eyeball and every click they can by fear mongering the virus while they still can. As a long term investor......I am done with the virus. Worst case for the markets....we go through two or three more months of what we have experienced as investors for the past 8 months. In other words markets that lurch up and down day to day, week to week, but continue to move UP. Best case......the markets start to smooth out and normalize slowly. In any event.....with vaccines coming online in December and building into January and February......I dont see more than about three months of ability to FEAR MONGER this issue. AND.....for me....the probability is that we will continue with the current market direction.....which in my opinion is UP. Of course.....for me the market direction is ALWAYS UP....because I am always long term and looking forward to the medium to distant future. I continue to be fully invested for the long term as usual.
I don't generally participate in daily performance reports but something happened that may be of interest. Normally, when you guys have a great day, we have a just a good day. Our stocks are slow, steady, and boring. Tesla and one other excepted. Today, we gained 4.1%. That is undoubtedly in the top 10 daily gains in the last decade. I can't say that definitively, as it's been some years since I've logged in every day and even longer since I've kept daily stats. This could be an indication of money moving from growth to income.
WELL......TomB16......that is a pretty impressive daily result. HERE is the earnings data for HOME DEPOT.........an ICONIC company. Well.....I do own it: Home Depot earnings beat as shoppers focus on home, retailer to make pandemic pay raises permanent https://www.cnbc.com/2020/11/17/home-depot-hd-q3-2020-earnings.html (BOLD is my opinion OR what I consider important content) "Key Points Home Depot on Tuesday reported third-quarter earnings that beat estimates with sales surging about 24% compared with a year ago as coronavirus pandemic home improvement buying continued. The company said some of its temporary employee compensation programs that it implemented during the pandemic will become permanent wage increases. The company said it was continuing to benefit from the stay-at-home spending patterns through the beginning of November. Home Depot on Tuesday reported third-quarter earnings that beat estimates as consumers continued to focus on home improvement during the coronavirus pandemic and sales surged 24% from a year ago. The company said some of the temporary employee compensation programs that it implemented during the pandemic will become permanent wage increases, which will result in $1 billion of additional expenses per year. CEO Craig Menear said on a conference call with investors that the company has spent about $1.7 billion on temporary pay and benefits so far this year. Despite the higher-than-expected earnings, Home Depot stock fell about 3% in early trading. In an interview on CNBC’s “Squawk Box,” Brian Nagel, senior analyst at Oppenheimer, attributed the slide to concerns that Home Depot’s gains during the pandemic aren’t sustainable. Nagel added that the permanent compensation plans Home Depot is now offering to employees are “one more indication” that it’s increasingly more expensive to operate as a retailer during the pandemic. Home Depot did not provide a full-year outlook. Chief Financial Officer Richard McPhail said the company can’t comment on 2021 because of macroeconomic uncertainty due to the pandemic. Here’s what the company reported compared with what Wall Street was expecting for the fiscal third quarter, based on a survey of analysts by Refinitiv: EPS: $3.18 vs. $3.06 expected Revenue: $33.54 billion vs. $32.04 billion expected During the fiscal third quarter ended Nov. 1, Home Depot’s net income surged 24% to $3.43 billion, or $3.18 per share, up from $2.77 billion, or $2.53 per share, a year earlier. Analysts surveyed by Refinitiv were expecting earnings per share of $3.06. Net sales rose 23% to $33.54 billion, from $27.22 billion reported a year ago. The retailer topped analyst expectations of $32.04 billion. Menear said digital sales rose 80% year over year, with customers picking up about 60% of their orders in stores. Its U.S. same-store sales soared 24.6% in the quarter. The value of a customer’s average purchase rose to $72.98, up 10% compared with the same time last year. Sales per square foot rose more than 23% to $552.85. Stay-at-home spending stays strong Sales of big-ticket items like riding mowers and outdoor power equipment remained strong through the quarter, Chief Operating Officer Ted Decker said. He added that the company hosted its “most successful Halloween event” this year, with the company’s notorious 12-foot skeleton selling out before October. The company said it was continuing to benefit from the stay-at-home spending patterns through the beginning of November. With people spending more time at home and some leaving cities during the pandemic for spacious homes in the suburbs, Home Depot and its rival Lowe’s have seen a surge in sales. It began in the spring, when both were deemed essential businesses as other retailers shuttered, and it continued into the summer as people traveled less and tackled more projects at home. Neil Saunders, managing director of GlobalData, said in a statement that Home Depot was largely unaffected by the end of enhanced unemployment benefits, because “this difficulty is mostly confined to lower income groups who were never particularly big spenders on home improvement.” “Among those still in work, spending on the home continues to be a priority,” he said. “Savings from lower outlays on commuting, eating out and not taking vacations have given consumers a pool of cash which they have diverted into home projects and activities.” Supply chain pressures However, Decker noted that the continued increase in demand has pressured supply chains. He said the company is adapting by introducing new products, adjusting assortments and “in some cases, reducing the number of [stock keeping units] in certain categories to focus on the highest demand products.” “As a result of all these actions, we have seen reduced product lead times and continued improvement in our in-stock positions,” he said. “While we are pleased with these results, we are not at pre-pandemic levels.” Still, Decker said the company is “in a great position” heading into the holiday season. Like other retailers, Home Depot has made changes to its holiday sales events to respond to the pandemic. Black Friday sales are being spread out over an extended period of time, and it is reorganizing product placement on sales floors to create a “safe shopping environment.” As for Home Depot’s professional business, it announced Monday that it will acquire HD Supply, a former unit and one of North America’s largest industrial products distributors, in a deal valued at $8 billion. Home Depot spun off HD Supply in 2007 to a group of private equity firms that included Carlyle Group, Bain Capital and Clayton, Dubilier & Rice. Menear said Tuesday that the acquisition will help Home Depot cement its leading position in the maintenance, repair and operations products market. He added that there’s more than $55 billion in the space. “That is a huge opportunity for the Home Depot to continue to grow, not only on the MRO side, but as we build relationships with customers on the MRO side, we build relationships to be able to participate in capital refreshes of those facilities as well, which is something that we’re pretty focused on,” Menear said. Lowe’s has been trying to capture a greater share of professional business, but Home Depot remains dominant in the segment. Along with do-it-yourself projects, the professionals market has boomed during the pandemic, too. Lowe’s is scheduled to report fiscal third-quarter earnings before the market open on Wednesday. As of Monday’s close, shares of Home Depot are up 28% since Jan. 1. The stock, which has a market value of nearly $301 billion, touched an all-time high on Aug. 27 of $292.95." MY COMMENT YES....same old, same old. BLOW OUT earnings and the markets just yawn and look for some....any......reason to disrespect what the company is doing and sell the stock. IDIOTIC? Yes. Typical over the past few years.......yes. A great company and my choice for best of breed in the hardware and home improvement area.
NICE open today as we chug along toward DOW 30,000. Well....I should say as we LURCH along toward DOW 30,000. There is nothing smooth about the market action lately. As we now face the end of the VIRUS......compliments of vaccines coming online over the next 1-3 months.......at some point we will return to markets being driven by FUNDAMENTALS. Third quarter earnings have CRUSHED expectations. The earnings that Walmart reported recently ABSOLUTELY BLEW AWAY some of the estimates. I personally DO NOT subscribe to the view that this will all MAGICALLY DISAPPEAR once the virus is gone. My opinion is that the change over to more online shopping and commerce will stick around. AND.......the BIG CAP consumer and tech companies that DOMINATE our daily lives......will continue to do more of the same. We are about to enter 4 years of political and economic conditions that will STRONGLY FAVOR the big cap world. I CONTINUE to see these great earnings as money in the bank going forward. SOONER or later the markets will........no I will not use the word "rotate"........lets say, shift.......not to some other sector or type of companies....it will shift to much more Fundamental based investing. Earnings and company results will once again MATTER. REALITY will once again matter.....at least to investors that are rational.
"I".....consider myself a BIG CAP GROWTH investor......and......a momentum investor at times......and.....a VALUE investor. I personally tend to look at value investing from the standpoint of projecting FUTURE VALUE a bit more than CLASSIC value investing. BUT....there is no doubt that the old or standard definition of value investing is a very LEGITIMATE and EFFECTIVE basis for investing. HERE is a "little" article dealing with the basics of value investing: Why value investing still works in markets https://www.ft.com/content/01ac1d52-6932-486d-9f1b-bcf9d5100600 HERE is what "I" see as the guts of the article: "Investments are outlays today in the expectation of higher cash flows tomorrow. Intangible investments are treated as an expense on the income statement. Tangible investments are recorded as assets on the balance sheet. That means a company that invests in intangible assets will have lower earnings and book value than one that invests an equivalent amount in tangible assets, even if their cash flows are identical. Earnings and book value are losing their ability to represent economic value. Fundamental value investors should focus on gaps between price and value for individual securities. The present value of future cash flows, not misleading multiples, are the source of value. As Charlie Munger, Warren Buffett’s partner at Berkshire Hathaway, has said: “All good investing is value investing.” The value factor may be floundering, but value investing remains as relevant and useful as ever." MY COMMENT: I DEFINITELY agree that all good investing is value investing. Regardless of the means used or data crunched or even the use of simple intuition.........ALL investing is in some way based on a determination of FUTURE VALUE of a company or business.....or at least......SHOULD BE. I am DEFINITELY NOT a pure value investor as per the classic definition. BUT I do consider myself a form of value investor. I look for and consider the future growth potential of a business or company as the PRIMARY factor that makes a business attractive for investment. My PRIMARY concern with buying a company is FUTURE....... and......long term........value......which a business will achieve by capturing and dominating a particular market as a world wide industry leader. We have seen in recent years investors like BUFFETT and MUNGER change the way they evaluate and define "value". They have also moved away from the classic value investing strategy of investing in CURRENTLY undervalued businesses......with a primary focus on balance sheet and assets. They HAD to make this adjustment to keep up with the TECH and other types of businesses that dominate the world of business today. The WORLD changes as does business and what is considered "value". Personally I consider ANY sort of investing that is based on FUNDAMENTALS and the analysis of future potential as being "VALUE" based investing. As I type this......I guess from my standpoint......GROWTH investing and VALUE investing are THE SAME THING.....just looked at from a different perspective. How many angels can dance on the head of a pin? WHO CARES. HARD CORE definitions and concepts can be a drag on investing success. The bottom line....I dont care what you call it.....or if I fit in to a particular investing "club". What I care about.....BOTTOM LINE....is RESULTS.
When someone buys a puffed up balloon, it goes up, and they sell at a small profit, that's great but they are doing something inherently dangerous. If things go badly, they could be forced to take a loss or wait for an extremely long period of time while the company grows into the valuation. When you buy a value stock that is cheaper than the value of the corporation, and it goes down, all you have to do is wait and the market will catch up in a reasonable amount of time.
Perhaps.....TomB16. Many, many, investors buy what they think are value stocks and....it goes down.....and they wait and it stays down or goes sideways. I believe that often, these days, there is a good reason that a stock is cheaper than the value of the corporate assets. I ALSO believe that the explosion of information and data that is available to people these days through any home computer along with the Financials that are available on every company in depth....makes it very difficult for a company to meet the old definition of "Value".....without there being something wrong with the company. In other words I believe that the MODERN markets tend to pretty fairly value most businesses. AND.....I suspect that if you applied your definition of "value" to Google, Amazon, Walmart, Nike, Costco, Microsoft, Apple, etc, etc, ten years ago......they would not be appropriate "value" buys. But over that ten years they BEAT the world in gains and company value. BUT.....in general I agree with you.
JUST AMAZING........talk about a visionary leader. AND...talk about a world record IPO.....some day: The future of commercial space travel is almost here with the latest SpaceX launch https://www.vox.com/recode/2020/5/26/21267533/elon-musk-spacex-demo-2-falcon-9-iss-manned-launch (BOLD is my opinion OR what I consider important content) "Elon Musk’s private space company has now successfully launched two crewed flights into orbital space. By Sara Morrison The crew of SpaceX’s Crew-1 head to the launch pad. Gregg Newton/AFP via Getty Images Elon Musk’s SpaceX just launched the first operational crewed flight into orbital space, following up on its successful test flight several months ago and bringing us one step closer to private commercial space travel. SpaceX’s Crew Dragon Crew-1 capsule, seated on top of the company’s Falcon 9 rocket, took off on Sunday night with four astronauts on board — three from NASA and one from Japan’s JAXA — for a return flight to the International Space Station (ISS). The launch follows its crewed test flight last May, for which two astronauts successfully launched, docked at ISS for two months, then safely returned to Earth with its crew. Sunday’s flight was the first operational one — that is, the first flight since NASA certified the capsule for spaceflight, following its successful crewed test — in SpaceX’s contract with NASA to send astronauts to and from ISS, which both the company and the government agency hope will be a lasting and mutually beneficial relationship. But it’s also a relationship born out of necessity. The United States retired its own Space Shuttle program in 2011, and has had to rely on Russian rockets to travel to the ISS ever since. Rather than building its own spacecraft, NASA decided to invest billions in private companies like SpaceX to develop vehicles that would escort its supplies and crews instead. SpaceX’s rise Using $100 million of his PayPal payout, Musk founded SpaceX in 2002, predating his Tesla car company by more than a year. As the story goes, Musk wanted to put plants on Mars, but it was too expensive to acquire the rockets to do so. So he started his own company, SpaceX, to see if he couldn’t get those costs down. In early years, the venture seemed destined for failure: Between 2006 and 2008, the first three launches of its Falcon 1 rocket failed. But the fourth rocket succeeded later in 2008, and the fifth carried a satellite into orbit in 2009. After this, and with some funding from NASA, SpaceX accelerated development of the Falcon 9 rocket, which first took flight in 2010. This two-stage rocket powered by nine Merlin engines has now launched nearly 100 times, carrying satellites into orbit and supplies to ISS; now, it’s brought people to ISS as well. It’s failed just twice: once in flight in 2015 and once on the launch pad in 2016. It’s also the first and only orbital rocket that’s partially reusable — the booster section lands itself back on Earth after launch — which significantly cuts down on operating costs. There’s also the Falcon Heavy, a heavy-lift launch vehicle that looks like a Falcon 9 rocket with two Falcon 9 boosters strapped to the sides. On its 2018 maiden voyage, it sent a Tesla into space, complete with a dummy driver clad in a spacesuit. It’s still up there somewhere. On the second Falcon Heavy launch, all three rockets returned safely to Earth. After the third and most recent launch, the Falcon Heavy earned certification from the National Security Space Launch (NSSL) program, which is part of the United States Space Force. SpaceX then became the first private company to send a crew into orbital space with the Crew Dragon Demo-2 test flight, which was operated by NASA astronauts Robert Behnken and Douglas Hurley. With the successful test flight under its belt, SpaceX and NASA had the green light to begin operational flights to and from ISS. The first of those was Sunday’s launch, with a crew of NASA astronauts Victor Glover, Michael S. Hopkins, and Shannon Walker, and JAXA’s Soichi Noguchi. SpaceX astronauts in both the test and operational missions have been escorted to their launches in Tesla cars, both giving Musk’s electric car company some nice cross-promotion and demonstrating just how commercial our new era of space travel has become. Impressive as the success of SpaceX has been, Elon Musk still has his sights set on greater things. The company’s most ambitious project yet, the SpaceX Starship, is underway. Intended to be a fully reusable, stainless steel, heavy-lift launch vehicle that would tower over the iconic Saturn V rocket developed for the NASA Apollo missions, the Starship is supposed to go to the moon, Mars, “and beyond.” In fact, NASA has already included the Starship on its list of commercial launch systems for the Artemis missions, which are scheduled to land a man and a woman on the moon by 2024. The successful crewed flights set up SpaceX for an even brighter future. The company has become NASA’s preferred launch partner and now handles about two-thirds of the agency’s launches under government contracts worth billions. SpaceX also offers a “rideshare” option that will carry smaller payloads to orbit for as little as $1 million. The company also just raised more than $1.9 billion in fresh funding to keep developing its Crew Dragon capsule, Starship program, and Starlink satellite business. A second operational crewed flight to ISS is already planned for spring 2021. SpaceX also hopes to sell seats to (presumably wealthy) space tourists someday. NASA’s fall SpaceX, now valued at about $46 billion, rose to prominence after NASA fell from grace. The federal space agency has to rely on private companies to send its astronauts into space after NASA ended the Space Shuttle program in 2011. At that time, NASA shifted its attention to Mars and Earth science and away from space shuttles and a return trip to the moon. Under President Trump, however, NASA has turned back again to putting astronauts back on the moon with the launch of its Artemis program in 2017. The incoming Biden administration may change things up once again. Suffice it to say, there’s been some shifting of priorities at NASA. In the years since the Space Shuttle program ended, American astronauts have had to hitch rides on Russian rockets to get to and from the ISS at a cost of $86 million each and an unquantifiable amount of national pride. (SpaceX, by contrast, is estimated to charge $55 million per astronaut for these round-trip flights.) This arrangement with Russia is not supposed to last forever. The Crew Dragon capsule, shown here atop the Falcon 9 rocket, is equipped with touchscreens and a streamlined interior. SpaceX Over the past decade, NASA’s Commercial Crew Program has awarded billions to a handful of private companies to develop crewed space vehicles to carry NASA astronauts to and from the ISS. Rather than use private companies as contractors that fulfill government orders, as it did in the past, NASA gave private companies funding to develop their own commercial efforts, which NASA could then use for its own ends. That means space exploration is now a business, and many of its biggest innovations are coming from the private sector, which is partially subsidized by public money. Through these arrangements, Boeing has developed its Starliner capsule, which has no launch date yet and has been beset with difficulties, and SpaceX built the Crew Dragon capsule. And NASA is just fine with this, as the new partnerships shifts some of the cost of developing and constructing spacecraft onto private industry. And it’s not just companies that make spaceships; NASA recently awarded Nokia the right to build a 4G mobile network on the moon as part of its effort to establish a more permanent presence there. We need to talk about Elon No discussion of SpaceX would be complete with some hand-wringing over its controversial founder and CEO — Musk himself has made sure of that. His biographer Ashlee Vance interviewed Musk for Bloomberg as the Demo-2 launch approached. Vance highlighted how Musk has recently made himself a lightning rod of criticism for suggesting that Covid-19 is fake and generally being awful on Twitter. Vance writes: Even the most fervent Musk hater, of whom there are plenty in the US, has to feel some twinge of pride. At a moment when the American Empire can seem to be in decline, here’s a clear sign that great things remain possible and that humans have much left to achieve. “America is still the land of opportunity more than any other place, for sure,” Musk says, waxing patriotic. “There is definitely no other country where I could have done this—immigrant or not.” That it’s a multibillionaire, Covid-19-truthing, entrepreneurial huckster/hero delivering this message is pretty much perfect for America in 2020. Vance added that Musk’s “business tactics and behavior can oscillate between infuriating and appalling.” Indeed. Musk’s Twitter account has 40 million followers, and the tone of his tweets tends to alternate between that of a self-promotional businessman and an angsty teenager. Musk’s tweets alone have gotten him sued by a cave diver and the Securities and Exchange Commission. (He won the first case and settled the second, with an agreement that personally cost him $20 million and his chairmanship of Tesla’s board.) Just this year, Musk has vowed in a tweet to sell his possessions, after which he tweeted, “My gf … is mad at me.” He also said the price of his own company’s stock was “too high,” named his new child X Æ A-Xii, repeatedly downplayed the coronavirus pandemic, and forced his Tesla employees to work through it — even defying government orders to reopen a factory early. SpaceX, which is considered critical infrastructure, never stopped. When Musk did seem to take the pandemic seriously, it was to offer his companies’ assistance in manufacturing ventilators. But that help never really came — although in fairness, neither did the feared nationwide ventilator shortage that prompted those tweets. Musk’s May tweet urging followers to “take the red pill,” a term that has well-known far-right and men’s rights activist connections, got a response from Ivanka Trump, who simply said, “Taken!” Most recently, Musk appears to have contracted the coronavirus himself, tweeting that he “most likely” had the virus. He complained of “symptoms of a minor cold,” which were apparently treated with DayQuil. But after taking four rapid Covid antigen tests, two of which were positive and two of which were negative, Musk said “something extremely bogus is going on.” He was forced to miss Sunday’s launch and a Twitter user dubbed him “Space Karen” for his multiple complaints about the accuracy of coronavirus tests. “#SpaceKaren” and “Space Karen” trended on the platform afterward. (“Karen” has become a term for entitled white people who become outraged when they don’t get their way in various aspects of life.) Yet while Musk’s bizarre, attention-seeking behavior may be a turnoff for many, his businesses make enough money and are cool enough to investors that SpaceX and Tesla seem to be succeeding in spite of Musk’s increasingly controversial public image. The US government, however, is not a business, and it has not taken well to Musk’s antics. Along with the SEC’s $20 million fine, NASA investigated and scolded him after he smoked pot while appearing on a podcast in 2018. Still, SpaceX is undeniably an accomplishment, and its successful crewed launches will be an essential step toward Musk’s plans for the moon or Mars or wherever he ultimately decides to go. At this point, it’s hard to imagine the future of space travel without SpaceX and without Musk." MY COMMENT EVERYONE will be salivating when this company goes public. I strongly believe that Musk will pull it off and actually land people on Mars. AND.........come on......look at those space suits...how cool. The government NEVER could have designed such cool suits. The BIG WONDER to me is that he created this company with ONLY $100MIL. Of course he has had investors along the way to help out. In addition the Starlink satellite will soon be all in place in orbit and providing high speed internet to the entire globe. AND....you can bet that that same system can be easily made into a world wide provider of ANY AND ALL sorts of MEDIA or content. BUT what an amazing accomplishment.......by a true business genius.
Honestly, for most of what I wanted to spend my money on, I just looked at the last 5 years' performance. If I liked it, and the buzz is still good, I went for it. The only exception was Snowflake, and that is a bet on the future. It's that simple for me. If it has been flat for the last 5 years (even with a small dividend), I am not interested. That's why I passed on Google. Better growth out there. Even "mundane" HD is pretty much even with Google.
